Productivity rises as output and hours fall

The increase in labor productivity occurred as output declined 1.0 percent and hours of all persons fell 3.6 percent. The decline in hours was the largest since the first quarter of 1991, when hours fell 4.8 percent, and the decline in output was the largest since the first quarter of 1993, when it fell 1.3 percent.

Productivity rose 2.2 percent in the second quarter of 2001, as output declined 0.4 percent and hours decreased 2.5 percent.